Electric Vehicles
Europe Car Sales Slump to Worst June in Decades on Supply Issues
- Registrations fell 17% across region; VW posts 20% drop
- Inflation and slowing growth weigh on industry’s outlook
Volkswagen was the hardest-hit of the major European carmakers.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Carmakers registered the fewest new vehicles in the European Union since 1996 as persistent supply chain snarls and record inflation afflict the industry.
New-car sales in the EU and four other states tracked by the European Automobile Manufacturers’ Association fell 17% to 1.07 million last month, according to a statement. Volkswagen AG was the hardest-hit major carmaker, with registrations dropping 24% from a year ago.